New Delhi, The Rs 10,000-crore jet fuel price stabilisation programme has failed to take off, with no airline signing up for the scheme as a decline in international oil prices eroded its appeal, sources said.
The Union Cabinet last month approved a one-time Rs 10,000-crore scheme to compensate state-owned fuel retailers for selling aviation turbine fuel (ATF) to airlines at capped prices for upto three years, aiming to shield carriers from surging fuel costs triggered by the West Asia crisis.
